Description
This amazing new investment opportunity has just had the back unit updated with some new fixtures, features and has been freshly re-painted; now filled with a new tenant on a pre-paid year lease. The middle unit tenant just moved out end of December & unit will be made available for showings. The front unit is a larger 2 bedroom unit with central heat/air. Both of the 1 bedroom units have wall installed electric PTAC units for heat & a/c, similar to what you'd find in a hotel. #1 - 2 bedroom unit currently mo/mo with well paying tenant @$625/mo (Market rent after a make-ready would estimate this unit at $725-775/mo depending on exact finishes). #2 - 1 bedroom unit will rent for $625-675/mo after make-ready. #3 - 1 bedroom unit currently pre-paid 1 year lease at $650/mo. Fully occupied at these market rates puts an est. annual rent roll of $24,600.* Landlord pays for combined city water/sewer bill & provides shared trash carts in addition to the summertime mowing. Basement has ample storage for supplies and tools, while providing easy access for maintenance & repairs. ***Property has one recent vacancy in unit #2 that will be made available as a model unit for showings. Showings of the basement are also allowed. Property currently has professional property management; showings of the occupied units will be made available with ample notice to tenants and an acceptable offer that may be made contingent upon the viewings.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,100SQFT
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$85$/SQFT
School Information
Listing information © 2025 South Central Kansas MLS.
Listing provided courtesy of Ben Mccormick of Heritage 1st Realty SCK1186 .
Description
This amazing new investment opportunity has just had the back unit updated with some new fixtures, features and has been freshly re-painted; now filled with a new tenant on a pre-paid year lease. The middle unit tenant just moved out end of December & unit will be made available for showings. The front unit is a larger 2 bedroom unit with central heat/air. Both of the 1 bedroom units have wall installed electric PTAC units for heat & a/c, similar to what you'd find in a hotel. #1 - 2 bedroom unit currently mo/mo with well paying tenant @$625/mo (Market rent after a make-ready would estimate this unit at $725-775/mo depending on exact finishes). #2 - 1 bedroom unit will rent for $625-675/mo after make-ready. #3 - 1 bedroom unit currently pre-paid 1 year lease at $650/mo. Fully occupied at these market rates puts an est. annual rent roll of $24,600.* Landlord pays for combined city water/sewer bill & provides shared trash carts in addition to the summertime mowing. Basement has ample storage for supplies and tools, while providing easy access for maintenance & repairs. ***Property has one recent vacancy in unit #2 that will be made available as a model unit for showings. Showings of the basement are also allowed. Property currently has professional property management; showings of the occupied units will be made available with ample notice to tenants and an acceptable offer that may be made contingent upon the viewings.
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2025 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-01-20T00:00:57.897.